ajtj99's Market Pulse

[ajtj99]

I think the preferreds are thinking federal bailout.

On another note, it's ironic that even a year or two ago people were terrified of investing in Chinese banks due to the poor transparency and bad loans that were thought to be lurking inside the balance sheets, all the while in our own backyard the world's most powerful banks were pouring acid on their own balance sheets and hiding them in the closet.

It's an amazing turn of events. The cycle of boom-bust in the banking business is pretty incredible. Latin crisis, S&L Crisis, LTCM, and now this. We should just schedule the next crisis for the year 2024 or something right now.